Coinbase CEO Brian Armstrong Says There Are 1 Million New Cryptocurrencies Created Every Week on the Platform
The cryptocurrency world is excited! A hundred volunteers have been recruited to write code, as Musk plans to use blockchain for DOGE.
Musk has begun discussing the use of blockchain technology in the newly established Department of Government Efficiency (DOGE). He has explored ideas with close allies about using digital ledger technology to improve government efficiency and reduce costs, including discussions on using blockchain to track federal spending, protect data, facilitate payments, and even manage buildings.
The number of tokens is rapidly increasing. Coinbase's CEO: Evaluations are becoming more difficult.
① The CEO of Coinbase, the world's largest Crypto Exchange, Armstrong, stated that approximately 1 million new tokens are created each week, and it is no longer feasible to assess them one by one; ② Given the increase in token creation activities, Armstrong suggested that regulators need to reconsider the approval process; ③ The potential risks of new tokens are enormous, as they may lack value backing and easily become speculative products.
Coinbase CEO Says Surge in New Tokens Making Evaluations Harder
Express News | COINBASE CEO: The listing process needs to be reconsidered.
The new SEC's "first move": opens the door for American Financial institutions to Hold Cryptos.
On Thursday evening, the SEC withdrew a guideline known as SAB 121, which had increased the cost of holding digital Assets. Analysts believe that this move effectively opens the door for American Financial Institutions to hold Cryptos, allowing traditional Banks to provide crypto custody services without facing de facto penalties.